The Neptune Corporation uses a process costing system and the weighted average method.The company started March with 2,300 units in work in process-Dept.A.During the month 4,000 units were started.At the end of the month there were 3,200 units in ending work in process-Dept.A inventory that were 30% complete.The beginning work in process balance was $120,270 and total manufacturing cost for the period was $304,000.Based on this information,the amount of cost transferred from work in process-Dept.A to work in process-Dept.B was: (Do not round intermediate calculations.)
A) $323,950.
B) $127,281.
C) $271,667.
D) $100,320.

Question

Quizplus · Accepted Answer

The total cost transferred from Work in Process-Dept. A to Work in Process-Dept. B is $323,950. This is calculated as follows:Beginning Work in Process-Dept. A + Total Manufacturing Costs - Ending Work in Process-Dept. A = Cost Transferred to Work in Process-Dept. B$120,270 + $304,000 - ($3,200 units x 30% complete x $304,000 / 4,000 units) = $323,950

The Neptune Corporation Uses a Process Costing System and the Weighted